48255 Monroe Street #5
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2026 | Listed by BP Homes | $280,000 | |
| Listed by BP Homes | |||
| |||
|
SHORT SALE -- all offers subject to third-party lender approval.Top-floor condo with water views in the gated Quail Lakes Racquet Club, two blocks from the Empire Polo Grounds and minutes from Coachella and Stagecoach.Upgraded 2 bedroom, 2 bath, approximately 1,000 sq ft with bamboo flooring, custom paint, vaulted ceilings, and a remodeled kitchen with custom cabinetry, solid-surface countertops and stainless steel appliances. The living room opens to a private balcony overlooking the lakes, streams and waterfalls. The primary suite offers high ceilings, balcony access, mirrored wardrobes and an ensuite bath. In-unit laundry, one-car garage, and HVAC.HOA dues cover gas, water and trash. Residents enjoy a pool, spa, clubhouse, tennis and pickleball courts, and walking paths through landscaped grounds.Close to shopping, dining, golf and Highway 111 -- suited to full-time living, a seasonal retreat, or an investment. Year-round events at the Polo Grounds bring steady visitors to the area; buyer to verify HOA rental rules and any city permit requirements before counting on rental use.Seller is actively working with the lender and all written offers will be submitted for review. Buyer to verify all information including square footage, HOA dues, assessments and rental restrictions.
| |||
| May 8, 2024 | No longer available | - | |
| No longer available | |||
| Mar 17, 2024 | Price Decreased |
$280,000
↓ $15K
(5.1%) | |
| Price Decreased | |||
| Feb 23, 2024 | Listed by Bennion Deville Homes | $295,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
|
Just two blocks from the home of the world-famous Coachella and Stagecoach music festivals, this fully furnished turnkey condo is perfect as your year-round residence or an easy vacation getaway. Located in Indio's gated Quail Lakes Racquet Club, the unit offers a prime top-floor setting overlooking the community's sparkling lakes, streams and waterfalls. The open two-bedroom, two-bath floorplan of approximately 1,000 s.f. is stylishly upgraded with bamboo wood flooring in living areas, custom paint and ceiling fans. Custom wood cabinetry with crown molding is showcased in a remodeled kitchen that features solid-surface countertops, and stainless steel appliances including a new Samsung French-door refrigerator and a new Whirlpool dishwasher. A vaulted ceiling enriches the living room, which opens to a view balcony with washer and dryer closet. High ceilings continue in the primary suite, where balcony access, mirrored wardrobe doors and an ensuite bath ensure personal comfort. A one-car garage is featured, along with a new HVAC system, and HOA dues cover gas, water and trash collection. The lushly landscaped Quail Lakes Racquet Club community reveals a large resort pool with spa, clubhouse, tennis and pickleball courts, winding paths and a charming gazebo. In addition to Coachella and Stagecoach, the Empire Polo Grounds host a full calendar of events, including the popular holiday lights drive-thru experience. Shopping centers, restaurants, golf, and Highway 111 are all close by. The manager has listed the unit size as 998 square feet.
| |||
| Mar 14, 2018 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/19/2026
|
1 Bed
|
1 Bath
|
668 ft²
|
$180,000
1 Bed
1 Bath
668 ft²
|
-
-
|
Khris Jung
Sunset Realty
| |
|
10/31/2025
|
2 Bed
|
2 Bath
|
998 ft²
|
$279,000
2 Bed
2 Bath
998 ft²
|
$275,000
-1.43%
11/20/2025
|
Larry Cohen
HomeSmart
| |
|
10/31/2025
|
2 Bed
|
2 Bath
|
998 ft²
|
$295,000
2 Bed
2 Bath
998 ft²
|
$240,000
-18.64%
01/07/2026
|
Khris Jung
Sunset Realty
| |
|
10/31/2025
|
1 Bed
|
1 Bath
|
669 ft²
|
$169,000
1 Bed
1 Bath
669 ft²
|
$169,000
02/05/2026
|
Larry Cohen
HomeSmart
| |
|
09/24/2025
|
2 Bed
|
2 Bath
|
998 ft²
|
$309,900
2 Bed
2 Bath
998 ft²
|
$245,000
-20.94%
03/31/2026
|
Jolie Leydekkers
Windermere Real Estate
| |
|
09/10/2025
|
1 Bed
|
1 Bath
|
857 ft²
|
$249,000
1 Bed
1 Bath
857 ft²
|
$242,000
-2.81%
02/13/2026
|
Maggie Hickman
HomeSmart
| |
|
03/05/2025
|
2 Bed
|
2 Bath
|
998 ft²
|
$249,000
2 Bed
2 Bath
998 ft²
|
$249,000
06/18/2025
|
Karl Heltsley
Bennion Deville Homes
| |
|
01/04/2025
|
1 Bed
|
1 Bath
|
668 ft²
|
$210,000
1 Bed
1 Bath
668 ft²
|
$165,000
-21.43%
02/11/2025
|
Raymond Radas
Equity Union
| |
|
09/04/2024
|
1 Bed
|
1 Bath
|
668 ft²
|
$195,000
1 Bed
1 Bath
668 ft²
|
$170,000
-12.82%
12/04/2024
|
Sean Carbajal
HomeSmart
| |
|
07/01/2024
|
2 Bed
|
2 Bath
|
998 ft²
|
$264,900
2 Bed
2 Bath
998 ft²
|
$270,000
+1.93%
09/30/2024
|
Repeka Mazmanian
Weichert Realtors-Preferred
| |
|
06/22/2024
|
2 Bed
|
2 Bath
|
998 ft²
|
$279,999
2 Bed
2 Bath
998 ft²
|
$265,000
-5.36%
07/31/2024
|
Marsha Kay McMahon-Jones
Redfin Corporation
| |
|
12/15/2023
| |
1 Bed
|
1 Bath
|
668 ft²
|
$225,000
1 Bed
1 Bath
668 ft²
|
-
-
|
Trish Fitzgerald
Realty Executives Desert Lifestyles
|
|
05/20/2024
|
1 Bed
|
2 Bath
|
857 ft²
|
$235,000
1 Bed
2 Bath
857 ft²
|
$235,000
07/31/2024
|
Roy Lagpacan
Bennion Deville Homes
| |
|
03/15/2024
|
1 Bed
|
1 Bath
|
668 ft²
|
$199,000
1 Bed
1 Bath
668 ft²
|
$198,000
-0.50%
12/03/2024
|
Miguel Zepeda
HomeSmart
| |
|
03/15/2024
|
2 Bed
|
2 Bath
|
998 ft²
|
$285,000
2 Bed
2 Bath
998 ft²
|
-
-
|
Joseph Demetry
Coldwell Banker Realty
| |
|
02/23/2024
|
2 Bed
|
2 Bath
|
998 ft²
|
$295,000
2 Bed
2 Bath
998 ft²
|
-
-
|
Koubek & Turney Realty Group
Bennion Deville Homes
| |
|
02/12/2024
|
1 Bed
|
1 Bath
|
668 ft²
|
$211,000
1 Bed
1 Bath
668 ft²
|
-
-
|
Lorena Kelder
Realty Masters & Associates
| |
|
09/12/2023
|
1 Bed
|
1 Bath
|
668 ft²
|
$223,000
1 Bed
1 Bath
668 ft²
|
-
-
|
Marsha Kay McMahon-Jones
Redfin Corporation
| |
|
06/10/2023
|
2 Bed
|
2 Bath
|
998 ft²
|
$281,000
2 Bed
2 Bath
998 ft²
|
-
-
|
Hilda Magana
JJ Real Estate and Associates
| |
|
03/01/2023
|
1 Bed
|
1 Bath
|
668 ft²
|
$174,000
1 Bed
1 Bath
668 ft²
|
-
-
|
Maggie Hickman
HomeSmart
| |
|
01/19/2023
|
2 Bed
|
2 Bath
|
998 ft²
|
$254,900
2 Bed
2 Bath
998 ft²
|
-
-
|
Maggie Hickman
HomeSmart
| |
|
10/13/2022
|
1 Bed
|
2 Bath
|
857 ft²
|
$239,900
1 Bed
2 Bath
857 ft²
|
$230,000
-4.13%
11/17/2022
|
Lacey Winterton
Realty Executives Desert Lifestyles
| |
|
08/09/2022
|
2 Bed
|
2 Bath
|
998 ft²
|
$299,000
2 Bed
2 Bath
998 ft²
|
-
-
|
Manuel Fernandez
Real Estate Connection
| |
|
07/25/2022
|
1 Bed
|
2 Bath
|
857 ft²
|
$263,000
1 Bed
2 Bath
857 ft²
|
-
-
|
KELLY DOMINGUEZ
KELLER WILLIAMS-LA QUINTA
| |
|
06/30/2022
|
2 Bed
|
2 Bath
|
998 ft²
|
$304,900
2 Bed
2 Bath
998 ft²
|
$305,000
+0.03%
08/25/2022
|
Theresa Crevling
Keller Williams Realty
| |
|
06/29/2022
|
2 Bed
|
2 Bath
|
998 ft²
|
$269,000
2 Bed
2 Bath
998 ft²
|
$262,000
-2.60%
08/19/2022
|
Elizabeth Marquart
RE/MAX ESTATE PROPERTIES
| |
|
06/23/2022
|
1 Bed
|
2 Bath
|
857 ft²
|
$259,900
1 Bed
2 Bath
857 ft²
|
-
-
|
Laulie Smith
Laulie Smith
| |
|
04/20/2022
|
2 Bed
|
2 Bath
|
1018 ft²
|
$290,000
2 Bed
2 Bath
1018 ft²
|
$298,000
+2.76%
06/17/2022
|
Juan Ruiz
JCR Real Estate and Mortgage
| |
|
04/08/2022
|
1 Bed
|
2 Bath
|
998 ft²
|
$235,000
1 Bed
2 Bath
998 ft²
|
$242,000
+2.98%
05/10/2022
|
Amber Placentia
HomeSmart
| |
|
03/20/2022
|
2 Bed
|
2 Bath
|
998 ft²
|
$275,000
2 Bed
2 Bath
998 ft²
|
-
-
|
KELLY DOMINGUEZ
KELLER WILLIAMS-LA QUINTA
| |
|
01/21/2022
|
2 Bed
|
2 Bath
|
998 ft²
|
$249,900
2 Bed
2 Bath
998 ft²
|
-
-
|
Ryan McKee
Engel & Volkers Palm Desert
| |
|
10/12/2021
|
1 Bed
|
1 Bath
|
668 ft²
|
$169,995
1 Bed
1 Bath
668 ft²
|
$180,000
+5.89%
10/29/2021
|
Justin Smith
Equity Union
| |
|
10/03/2021
|
1 Bed
|
2 Bath
|
857 ft²
|
$130,000
1 Bed
2 Bath
857 ft²
|
$160,000
+23.08%
10/25/2021
|
Karen Alciatore
Equity Union
| |
|
04/14/2021
|
2 Bed
|
2 Bath
|
1018 ft²
|
$189,000
2 Bed
2 Bath
1018 ft²
|
$200,000
+5.82%
04/30/2021
|
Stout Team
KUD Properties, Inc.
| |
|
12/14/2020
|
1 Bed
|
2 Bath
|
857 ft²
|
$129,900
1 Bed
2 Bath
857 ft²
|
$139,000
+7.01%
01/05/2021
|
Team Michael Hilgenberg w/ Kel...
Keller Williams Realty
| |
|
02/11/2021
|
1 Bed
|
1 Bath
|
668 ft²
|
$150,000
1 Bed
1 Bath
668 ft²
|
$150,000
04/08/2021
|
Justin Smith
Equity Union
| |
|
11/13/2020
|
2 Bed
|
2 Bath
|
998 ft²
|
$180,000
2 Bed
2 Bath
998 ft²
|
$180,000
01/28/2021
|
Susie Moore
Bennion Deville Homes
| |
|
09/22/2020
|
1 Bed
|
2 Bath
|
857 ft²
|
$159,900
1 Bed
2 Bath
857 ft²
|
$156,000
-2.44%
11/20/2020
|
Jessica Oertel
Bennion Deville Homes
| |
|
07/09/2020
|
1 Bed
|
2 Bath
|
857 ft²
|
$149,900
1 Bed
2 Bath
857 ft²
|
-
-
|
-
| |
|
01/06/2020
|
2 Bed
|
2 Bath
|
998 ft²
|
$139,000
2 Bed
2 Bath
998 ft²
|
$141,000
+1.44%
07/22/2020
|
Victor Benjamin
Elite Premier Properties
| |
|
12/10/2019
|
1 Bed
|
2 Bath
|
857 ft²
|
$151,000
1 Bed
2 Bath
857 ft²
|
$151,000
03/30/2020
|
Robert Cross
Cross Realty
| |
|
11/09/2019
|
2 Bed
|
2 Bath
|
998 ft²
|
$175,000
2 Bed
2 Bath
998 ft²
|
-
-
|
-
| |
|
11/01/2019
|
1 Bed
|
1 Bath
|
668 ft²
|
$135,000
1 Bed
1 Bath
668 ft²
|
$135,000
02/13/2020
|
Maggie Hickman
HomeSmart
| |
|
10/16/2019
|
1 Bed
|
1 Bath
|
668 ft²
|
$135,000
1 Bed
1 Bath
668 ft²
|
$127,000
-5.93%
12/30/2019
|
Eve Zimmerle
Keller Williams Realty
| |
|
07/03/2019
|
1 Bed
|
1 Bath
|
668 ft²
|
$128,800
1 Bed
1 Bath
668 ft²
|
$123,000
-4.50%
08/16/2019
|
Michelle Biagioni
Keller Williams Realty
| |
|
11/26/2018
|
1 Bed
|
2 Bath
|
857 ft²
|
$149,900
1 Bed
2 Bath
857 ft²
|
-
-
|
-
| |
|
04/01/2019
|
2 Bed
|
1 Bath
|
1018 ft²
|
$170,000
2 Bed
1 Bath
1018 ft²
|
$165,000
-2.94%
05/08/2019
|
Jessica Oertel
Bennion Deville Homes
| |
|
03/09/2019
|
2 Bed
|
2 Bath
|
998 ft²
|
$133,500
2 Bed
2 Bath
998 ft²
|
$133,500
03/15/2019
|
Robert Cross
Cross Realty
| |
|
02/05/2019
|
1 Bed
|
1 Bath
|
668 ft²
|
$130,000
1 Bed
1 Bath
668 ft²
|
$100,000
-23.08%
06/04/2019
|
Trish Fitzgerald
Realty Executives Desert Lifestyles
| |
|
11/26/2018
|
1 Bed
|
2 Bath
|
857 ft²
|
$152,900
1 Bed
2 Bath
857 ft²
|
-
-
|
-
| |
|
11/08/2018
|
2 Bed
|
2 Bath
|
998 ft²
|
$163,000
2 Bed
2 Bath
998 ft²
|
$160,000
-1.84%
11/27/2018
|
Team Michael Hilgenberg w/ Kel...
Keller Williams Realty
| |
|
10/13/2018
|
2 Bed
|
2 Bath
|
998 ft²
|
$159,000
2 Bed
2 Bath
998 ft²
|
$156,000
-1.89%
01/09/2019
|
Team Michael Hilgenberg w/ Kel...
Keller Williams Realty
| |
|
09/27/2018
|
1 Bed
|
2 Bath
|
857 ft²
|
$130,000
1 Bed
2 Bath
857 ft²
|
$127,500
-1.92%
11/20/2018
|
Trish Fitzgerald
Realty Executives Desert Lifestyles
| |
|
08/31/2018
|
1 Bed
|
2 Bath
|
857 ft²
|
$127,000
1 Bed
2 Bath
857 ft²
|
$127,000
01/10/2019
|
Team Michael Hilgenberg w/ Kel...
Keller Williams Realty
| |
|
07/23/2018
|
1 Bed
|
1 Bath
|
668 ft²
|
$115,000
1 Bed
1 Bath
668 ft²
|
$112,500
-2.17%
08/30/2018
|
Justin Smith
Equity Union
| |
|
07/19/2018
|
2 Bed
|
2 Bath
|
998 ft²
|
$155,000
2 Bed
2 Bath
998 ft²
|
$151,550
-2.23%
04/26/2019
|
Brenda Sanchez
Coldwell Banker Realty
| |
|
08/12/2018
|
2 Bed
|
2 Bath
|
998 ft²
|
$149,000
2 Bed
2 Bath
998 ft²
|
$148,000
-0.67%
10/01/2018
|
Robert Cross
Cross Realty
| |
|
07/19/2018
|
2 Bed
|
2 Bath
|
998 ft²
|
$149,900
2 Bed
2 Bath
998 ft²
|
$148,500
-0.93%
12/14/2018
|
John Gonnello
HomeSmart
| |
|
12/27/2017
|
2 Bed
|
2 Bath
|
998 ft²
|
$143,000
2 Bed
2 Bath
998 ft²
|
$144,000
+0.70%
03/14/2018
|
Robert Cross
Cross Realty
| |
|
12/20/2017
|
2 Bed
|
2 Bath
|
998 ft²
|
$141,000
2 Bed
2 Bath
998 ft²
|
$139,000
-1.42%
02/28/2018
|
Ross Stout
eXp Realty Of Southern California Inc
| |
|
12/01/2017
|
1 Bed
|
1 Bath
|
668 ft²
|
$110,000
1 Bed
1 Bath
668 ft²
|
$106,000
-3.64%
12/26/2017
|
Ross Stout
eXp Realty Of Southern California Inc
| |
|
07/09/2017
| |
1 Bed
|
1 Bath
|
668 ft²
|
-
1 Bed
1 Bath
668 ft²
|
-
-
|
-
|
|
04/13/2017
|
1 Bed
|
1 Bath
|
668 ft²
|
$98,000
1 Bed
1 Bath
668 ft²
|
$99,000
+1.02%
09/07/2017
|
Danette Kim
HomeSmart
| |
|
03/27/2017
|
1 Bed
|
1 Bath
|
668 ft²
|
$100,000
1 Bed
1 Bath
668 ft²
|
$100,000
09/08/2017
|
Denise Francis
Coldwell Banker Realty
| |
|
01/03/2017
|
2 Bed
|
2 Bath
|
998 ft²
|
$129,900
2 Bed
2 Bath
998 ft²
|
$130,000
+0.08%
03/24/2017
|
Julie Bertone
Berkshire Hathaway H.S.C.P.
| |
|
07/27/2016
|
2 Bed
|
2 Bath
|
998 ft²
|
$133,000
2 Bed
2 Bath
998 ft²
|
$130,000
-2.26%
10/11/2016
|
Greg Kallmann
Whitestar Management, Inc
| |
|
01/09/2016
|
2 Bed
|
2 Bath
|
998 ft²
|
$144,000
2 Bed
2 Bath
998 ft²
|
$140,000
-2.78%
01/31/2017
|
Mary Yeakel
Bennion Deville Homes
| |
|
01/04/2016
|
1 Bed
|
2 Bath
|
857 ft²
|
$125,000
1 Bed
2 Bath
857 ft²
|
$120,000
-4.00%
04/20/2016
|
Mary Yeakel
Bennion Deville Homes
| |
|
11/03/2015
|
2 Bed
|
2 Bath
|
998 ft²
|
$139,500
2 Bed
2 Bath
998 ft²
|
$132,000
-5.38%
03/08/2016
|
Robert Cross
Cross Realty
| |
|
08/08/2015
|
2 Bed
|
2 Bath
|
998 ft²
|
$139,900
2 Bed
2 Bath
998 ft²
|
$139,900
11/05/2015
|
Alvin Greenwalt
Alvin Greenwalt, Broker
| |
|
04/04/2015
|
1 Bed
|
1 Bath
|
857 ft²
|
$89,000
1 Bed
1 Bath
857 ft²
|
$80,000
-10.11%
11/16/2015
|
Trish Fitzgerald
Realty Executives Desert Lifestyles
| |
|
10/15/2014
|
2 Bed
|
2 Bath
|
1018 ft²
|
$133,000
2 Bed
2 Bath
1018 ft²
|
$133,000
12/17/2014
|
Trish Fitzgerald
Realty Executives Desert Lifestyles
| |
|
03/24/2014
|
2 Bed
|
2 Bath
|
1018 ft²
|
$114,900
2 Bed
2 Bath
1018 ft²
|
$108,000
-6.01%
04/11/2014
|
Greg Kallmann
Whitestar Management, Inc
| |
|
02/27/2014
|
2 Bed
|
2 Bath
|
1000 ft²
|
$134,900
2 Bed
2 Bath
1000 ft²
|
$131,000
-2.89%
11/26/2014
|
Byron Clark
First Team Real Estate
| |
|
04/17/2013
|
2 Bed
|
2 Bath
|
1018 ft²
|
$148,000
2 Bed
2 Bath
1018 ft²
|
$134,000
-9.46%
07/23/2013
|
Marnie Balog
Compass
| |
|
01/28/2013
|
1 Bed
|
1 Bath
|
668 ft²
|
$58,000
1 Bed
1 Bath
668 ft²
|
$51,000
-12.07%
03/29/2013
|
Roger Joles
Windermere Real Estate
| |
|
01/18/2013
|
1 Bed
|
1 Bath
|
668 ft²
|
$47,000
1 Bed
1 Bath
668 ft²
|
$52,700
+12.13%
02/13/2013
|
Denise Francis
Coldwell Banker Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017